Importance Of Social Responsibility

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Social responsibility is the idea that a company should embrace its social responsibilities and not be solely focused on maximizing profits. Social responsibility entails developing businesses with a positive relationship to the society in which they operate. The attempts to uphold sosial responsibility in an organization must be merged to become part of the organization culture so as to make it everlasting. Corporate social responsibility is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders. When corporate social responsibility is merged with business priorities, it brings about great significances. It helps to realize the business goals which is in line with the firm’s cultural values and identity and meeting the internal and external stakeholder’s demand. It will also be in the service of stockholders and also the large number of stakeholders including workers, customers, the community and our planet…show more content…
Sometimes there is no distinctly defined outline between what is ethical and what is unethical. For example, the management is unclear of its main responsibility as to whom they should be answerable, the shareholders or employees. An organisation needs to review, modify management structures and its business processes and adapt to survive against bigger competitors and grow. This process may require termination of employees and giving them feelings of job insecurity and stress. There is also the question of ethical conduct when an organisation requires employees to use English at work, when performance bonuses are paid to top managers while employees are dismissed, monitoring employees’ emails and making use of child labour in developing
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